Firm Sizes Market for Multi-Location Medicare Plans

But Bourne also found a piece of information insurers and agents might be able to use: 19% of the users said they spend a large amount of time traveling, or that they spend time residing in two or more different states.

Managers of some health plans try to hold down costs by requiring enrollees to get non-emergency care from doctors and hospitals in provider networks in their own communities. An enrollee who gets care away from what the plan thinks of as the enrollee’s home may have to pay at least some of the bill out of pocket, and seek reimbursement from the plan later.

The Retirety user figures suggest that a significant number of Medicare enrollees, and a significant number of people preparing to sign up for Medicare, need plans that will cover care smoothly outside of a single community.

Another Retirety finding: Only about 13% of the site’s users get a recommendation for use of Medicare supplement insurance. Tbe site’s system recommends Medicare Advantage for 74%, Medicare Part D drug coverage for 56%, and original Medicare Part A and B coverage, with or without Medicare supplement insurance, for 28%.

Bourne has had many years of experience in financial services and personal advice system development.  He led efforts to develop an individual retirement account advisory service for TD Ameritrade. For seven years, he was head of the private bank mobile product and technology groups at Citigroup’s private bank unit. Immediately before he started Retirety, he was the chief technology officer at Ladders.

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